Kinross Gold Q2 Results Exceed Expectations with Record Free Cash Flow.

Kinross Gold (KGC) reported Q2 2025 financial results, generating record free cash flow of $647 million, up from $346 million in the prior-year quarter. Revenue grew 42% YoY to $1.73 billion, and net earnings more than doubled to $530.7 million. The company reaffirmed its 2025 guidance, with a production forecast of 2 million ounces and AISC of $1,500/oz.

Kinross Gold Corporation (NYSE:KGC) has reported its Q2 2025 financial results, showcasing a robust performance across several key metrics. The company generated record free cash flow of $647 million, up from $346 million in the prior-year quarter [3]. Revenue grew by 42% year-over-year (YoY) to $1.73 billion, while net earnings more than doubled to $530.7 million [4].

The company's strong operational performance was highlighted by the production of 513,000 gold equivalent ounces during the quarter. This was achieved at a cost of sales of $1,080 per gold equivalent ounce sold, and an all-in sustaining cost (AISC) of $1,493 per ounce [3]. These results underscored Kinross Gold's effective cost management strategies and operational efficiency.

Kinross Gold reaffirmed its 2025 guidance, forecasting a production target of 2 million ounces, with an AISC of $1,500 per ounce and a cost of sales of $1,120 per ounce [3]. The company expects production to remain level through the year, with Q3 and Q4 output forecast at approximately 500,000 ounces each.

The company's strong financial position was evident, with over $1.1 billion in cash and $2.8 billion in total liquidity at the end of the quarter. Net debt has been reduced to approximately $100 million [2].

Kinross Gold's Q2 2025 earnings call highlighted the company's robust financial health and strategic foresight. The company reported record free cash flow and significant shareholder returns, underpinned by a solid production and cost management strategy. Despite anticipated higher costs in the latter half of the year and some operational challenges, the overall sentiment remains optimistic, buoyed by promising exploration and project developments [2].

Looking ahead, Kinross Gold maintains a positive production outlook, with a target of 2 million ounces for the year. The company aims to achieve a net cash position by the third quarter, reinforcing its strong financial footing and strategic growth plans [2].

References:

[1] https://ca.finance.yahoo.com/news/cibc-raises-kinross-gold-kgc-035226387.html
[2] https://www.theglobeandmail.com/investing/markets/stocks/KGC/pressreleases/33843526/kinross-golds-q2-2025-earnings-call-highlights/
[3] https://ca.finance.yahoo.com/news/kinross-gold-kgc-generates-record-035240844.html
[4] https://finance.yahoo.com/news/kinross-gold-second-quarter-2025-122702530.html